Fruit Company needs to know the pounds of apples to have on hand each day. Each...
Produce Company needs to know the pounds of bananas to have on hand each day. Each pound of bananas costs $0.10 and can be sold for $0.30. Unsold bananas are worthless at the end of the day. The following demands were found after studying the last six months' sales: 300 pounds of bananas 25% of the time 400 pounds of bananas 40% of the time 500 pounds of bananas 35% of the time Required: Determine whether Produce Company should order...
Farmer Company processes 40,000 pounds of direct materials to produce two products, Apple and Apple Sauces, a byproduct, sell for $9 per pound, and Apples, the main product, sells for $50 per pound. The following information is for July: Production Sales Beginning Inventory Ending Inventory Apple Sauces 8,700 8,000 0 700 Apples 25,500 24,900 300 900 The manufacturing costs totaled $260,000, beginning inventory $3,200. Required a) Prepare a July income statement assuming that Farmer Company recognizes the byproduct revenue at...
THE APPLE VALLEY COMPANY MAKES APPLE BUTTER TO SUPPLY TO LOCAL STREET VENDORS IN MONTERREY, CALIFORNIA. APPLE VALLEY CAN MAKE 330 POUNDS OF APPLE BUTTER PER DAY, AND DEMAND FROM THE STREET VENDORS IS 190 POUNDS PER DAY. EACH TIME APPLE VALLEY MAKES APPLE BUTTER, IT COSTS 176 TO SET UP THE PRODUCTION PROCESS. THE ANNUAL COST OF CARRYING A POUND OF APPLES IN A REFRIGERATED STORAGE AREA IS $6.50. DETERMINE THE OPTIMAL ORDER SIZE?
5. A sausage company needs to det hot dogs it should manufacture, in order to maximize its profit. Each pound of premium hoo beef, 0. ermine how many pounds of premium hot dogs and how many pounds of regular por and 0.25 lb of filler for its manufacture. Each pound of regular hot dogs uses 0.20 Ib of beef, bok and 3000 lb of filler. d requirements. The company makes a profit of $0.45 per Ib on premium hot dogs...
Cantel Company produces cleaning compounds for both commercial and household customers. Some of these products are produced as part of a joint manufacturing process. For example, GR37, a coarse cleaning powder meant for commercial sale, costs $1.90 a pound to make and sells for $2.00 per pound. A portion of the annual production of GR37 is retained for further processing in a separate department where it is combined with several other ingredients to form SilPol, which is sold as a...
Cantel Company produces cleaning compounds for both commercial and household customers. Some of these products are produced as part of a joint manufacturing process. For example, GR37, a coarse cleaning powder meant for commercial sale, costs $1.90 a pound to make and sells for $2.00 per pound. A portion of the annual production of GR37 is retained for further processing in a separate department where it is combined with several other ingredients to form SilPol, which is sold as a...
Cantel Company produces cleaning compounds for both commercial and household customers. Some of these products are produced as part of a joint manufacturing process. For example, GR37, a coarse cleaning powder meant for commercial sale, costs $2.30 a pound to make and sells for $2.40 per pound. A portion of the annual production of GR37 is retained for further processing in a separate department where it is combined with several other ingredients to form SilPol, which is sold as a...
Spring Manufacturing Company makes two components identified as C12 and D57 Selected budgetary data for 2019 follow: Finished ComponentS C12 D57 Requirements for each finished component: RM 1 RM 2 RM 3 Direct labor 10 pounds 8 pounds 4 pounds 1 pound 3 hourS 2 pounds 2 hour3 Product information: $ 170 12,000 S 240 8,000 160 200 Sales price Sales (units) Estimated beginning inventory (units) Desired ending inventory (units) Direct Materials Information : 3.50 0.50 2,900 1, 900 1,000...
Gary G's is a small company that currently operates in Knoxville, TN and has a single product - stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never understand this accounting stuff," Gary yelled, waving the income statement he had just...
I need this answered in Microsoft Excel please GBCoffee Budget Project The GBCoffee Company roasts and sells high quality certified sustainable coffee beans. The final one pound bags of roasted whole coffee beans has two direct materials – coffee beans and packaging. GBCoffee is preparing budgets for the fourth quarter ending December 31, 2019. For each requirement below prepare budgets by month for October, November, and December, and a total budget for the quarter. 1. The previous year’s sales for...